# Marketplace Onboarding #1 — OTC Markets Group

**URL:** <https://forum.pyth.network/t/marketplace-onboarding-1-otc-markets-group/2456>\
**Category:** Marketplace Onboardings\
**Created:** [April 9, 2026, 1:11pm UTC](https://forum.pyth.network/t/marketplace-onboarding-1-otc-markets-group/2456 "2026-04-09T13:11:18Z")\
**Posts on this page:** 1\
**Page:** 1

<div class="post-metadata">

**Author:** ![zenyas](https://avatars.discourse-cdn.com/v4/letter/z/6a8cbe/32.png) [@zenyas](https://forum.pyth.network/u/zenyas)\
**Post date:** [April 9, 2026, 1:11pm UTC](https://forum.pyth.network/t/marketplace-onboarding-1-otc-markets-group/2456/1 "2026-04-09T13:11:18Z")

</div>

## Provider Overview

**Provider:** OTC Markets Group **Website:** [https://www.otcmarkets.com/](https://www.otcmarkets.com/) **Dataset Category:** US and Global Securities

## Dataset Details

OTC Markets Group operates the largest U.S. electronic marketplace for over-the-counter (OTC) securities — providing price, liquidity, and disclosure data for ~12,400 securities. Founded 1913 (as National Quotation Bureau), publicly traded (OTCQX: OTCM).

Market Tiers:

| Tier | Description | Securities |
| --- | --- | --- |
| OTCQX | Premium tier — established companies, highest disclosure standards | ~658 |
| OTCQB | Venture tier — growth companies, verified management | ~1,216 |
| OTCID | Integrated Disclosure — baseline financial reporting (launched July 2025) | — |
| Pink Limited | Minimal/no disclosure, higher risk | — |

Data Products:

| Product | Description |
| --- | --- |
| Real-Time Quotes | Level 1+ BBO and Time & Sales across all tiers |
| Disclosure API | Real-time access to SEC filings and disclosure data for 3,400+ issuers |
| Compliance Data | SEC filings, financial statements, company profiles |
| Historical Data | End-of-day and intraday historical pricing |

Instrument Coverage:

- Ordinary Shares (US domestic)

- American Depositary Receipts (ADRs) — 478+ international companies

- Foreign Issues

- ETFs

- Bitcoin Trusts

- Digital Securities

Network: 89 broker-dealers, Blue Sky status in 33 states

## Commercial Terms

**Model:** 1

- Model 1 = Pyth Delivery + Provider Billing

**Projected Annual Value:** $50K–$250K

## Overlap Assessment

Assessment: Low overlap risk. OTC Markets covers securities that don’t trade on major exchanges — a distinct market segment from Pyth’s current equity feed coverage (which focuses on NYSE/NASDAQ-listed stocks).

Strategic Value:

- ADR Coverage — Access to 478+ international companies via US markets (critical for global tokenization)

- Digital Securities — OTC Markets already handles digital/tokenized securities, natural DeFi bridge

- Bitcoin Trusts — GBTC and other crypto investment vehicles trade OTC

- Disclosure Data — Compliance and financial data valuable for RWA due diligence

- Unlisted/Pre-IPO — Many private companies trade OTC before listing — early exposure for tokenized equity protocols

* * *

_Per [CO-PIP-99](https://forum.pyth.network/t/passed-co-pip-99-establishment-of-the-pyth-data-marketplace-and-assign-douro-labs-as-operator/2417), this notice starts a 30-day optimistic approval window. Community members may ask questions below. The onboarding proceeds unless formally objected to by the Pythian Council (6/9 supermajority) or via Operational PIP._